Latest News
-
Five people are killed and over 40 injured in a chain-reaction crash on a Virginia highway
State police reported that five people died and over 40 were injured, including three critically, when a tour vehicle plowed into a sport-utility vehicle on a U.S. highway in Northern Virginia early Friday morning, triggering a chain reaction crash. Police said that a preliminary investigation revealed that the driver of the motor coach failed to slow down as it approached slower traffic in an area where construction was taking place along Interstate 95. This is a major highway corridor running north-south through the region. The bus then slammed a Chevrolet Suburban into another vehicle, and the Acura SUV. According to a press release from the state police, an Acura caught on fire. The accident occurred around 2:35 am?EDT on the southbound lanes of I-95, in Stafford County. This is about 45 miles southwest from Washington, D.C. The motor coach charter company E&P Travel in North Carolina operated the bus that carried about 34 passengers, including its driver, between New York City and Charlotte, North Carolina. Four of the five fatalities were in the Acura that was on fire - a man aged 45, a woman aged 44, a girl aged 13 and a boy aged 7 - all from Greenfield Massachusetts. According to police, the fifth person killed was a woman aged 25 from Worcester, Massachusetts. She was in a Chevy Suburban that had been hit by the bus. Police?stated that 44 people, including the driver of the bus, were injured and taken to hospitals in the area for treatment. Three of those patients are listed as being in a critical condition. Matthew Demlein, a spokesperson for the state police, said that charges are pending against the driver of the bus in relation to the accident. He declined to provide further details. Steve Gorman, Los Angeles; Sanjeev Mikleni, editing.
-
Castlelake considers offer for British low-cost carrier EasyJet
Castlelake L.P., a U.S. investment firm, said on Friday that it was in the early stages of considering an offer for British budget airline easyJet. This sent the 'airline’s U.S. traded shares up nearly 10%. Castlelake stated in a press release that no approach had been made to easyJet's board and it was impossible to predict whether or not an offer would be made. According to UK takeover regulations, Castlelake must submit a firm bid by the 26th of June or abandon a deal. EasyJet announced the news a week ago, after warning that its outlook for the full year was 'uncertain' due to the Iran War driving up fuel prices and bookings being weaker during the summer peak season. According to LSEG's data, the?company is worth 3.02 billion pounds. The carrier's share price closed Friday at 398 pence and is down more than 22% for the year. As the Strait of Hormuz is constrained, the Iran conflict has disrupted global aviation. Jet fuel prices have risen by more than 80% in just a few months, forcing airlines to increase fares, reduce capacity, or accept'margin pressure. Castlelake entered into talks with Spirit Airlines in January, months before the bankrupt airline permanently ceased flight operations. Merit AirFinance is an aviation lending platform that was launched by the investment firm in 2013. It has $1.8 billion of deployable capital and aims to offer debt financing for airlines and aircraft lessors. EasyJet, in 2021, rejected an offer by rival 'Wizz Air. Instead, it raised $1.7 billion from shareholders, and went 'it alone' in an industry that is struggling to recover from pandemic.
-
US Postal Service wants to force states to provide lists of voters
The U.S. As part of a new rule proposed on Friday, the Postal Service will require that states provide a list of voters who have received mailed ballots. This comes one day after an?internal judicial?judge refused to block immediately President Donald Trump's executive order. USPS's proposal was published in the Federal Register and would require that states provide the USPS with the names of voters who received mailed ballots. However, it would not be applicable to primary elections. The public has 30 working days to provide feedback on the plan. Postal Service proposes that states must also apply unique barcodes to outbound and return ballot mail envelopes. They say this "will facilitate law enforcement efforts" as well as help ensure adherence to federal laws. Carl Nichols, a U.S. District Judge in Washington, declined on Thursday to block Trump's order of March 31 regarding?mail-in votes but did not state if it was legal. A Boston judge has scheduled a hearing on Tuesday for a separate lawsuit brought by Democratic state attorneys against Trump, USPS and other parties challenging the voting order. The order directed that the federal government use data to verify the eligibility of voters in each state, ordered the Postal Service only to deliver mail-in ballots to those on the approved list. It also required states to keep election records for five years. A group of Democratic Senators claimed that the order sought to illegally transform USPS into an election administration agency, with the authority to determine who could vote by mail and establish ballot specifications. Trump, who is a Republican, has been promoting the false claim for years that his defeat in the 2020 election was due to widespread voter fraud. He has also called for tighter voting rules by mail ahead of the midterm elections of November. Trump will oust?Postmaster-General Louis DeJoy in?March 2025. David Steiner, the current Postmaster General of the USPS, has warned that USPS may run out money as early as next year.
-
Swiss Federal Prosecutors Probe Terror Links to Knife Attack
The Office of the Attorney General (OAG), a Swiss federal prosecutor, has taken charge of the investigation into the knife attack that occurred at Winterthur Railway Station on Thursday. They are treating this case as terrorism-related. The federal prosecutor announced that criminal proceedings had been opened against the suspect on suspicion of multiple attempts at murder, participation in or support for a terrorist organization, and involvement with a terrorist group. Three Swiss men have been injured in the 'attack that took place in Winterthur on Thursday morning, just north of Zurich. Three men were stabbed, one in the leg and two in the neck. A third was stabbed on the thigh. All three men were taken to hospital, with the third requiring emergency surgery. The police arrested the suspected perpetrator, a dual Swiss-Turkish citizen of 31 years, at the station, just a few moments after the initial emergency call. Investigators have now focused on the motive of the attack. This includes a thorough review of the background and history of the suspect. The prosecutor's department said that its "main hypotheses" is that the attack was suspected to be terrorism. Police said that the suspect was reported to police in 2015, for "spreading propaganda" from the militant hardline group Islamic State. The Swiss newspaper Blick said it had also 'obtained a video of a man running out of Winterthur Station shouting 'Allahu akbar, an Arabic phrase that translates to 'God is the greatest. The video was not independently verified. The federal prosecutor said on Friday that the incident was a sign of jihadist-motivated terror in Switzerland. (Reporting and editing by John Revill)
-
European shares gain monthly on Middle East Peace Hopes
European shares edged higher on Friday to close the month with gains. Investors clung to hopes that a proposed agreement could be reached extending a Middle East truce and reopening the Strait of Hormuz. Market optimism was sparked by reports that U.S. president Donald Trump had been weighing a preliminary U.S. Iran agreement. He said that he would reach a decision on the deal by Friday. Kathleen Brooks is the research director for XTB. She said that the market may test its patience if a deal cannot be reached by the end of June. This could have a major impact on the oil price as well as the rally in the global stock markets. The STOXX 600 pan-European index rose 0.1%, to 626 points. This was a positive week's end. The benchmark index was 'within striking range of record highs this week, and had secured a monthly gain of 2.5%. However, recent escalation in the Middle East conflict has capped further advancements. European stocks?continue?to lag behind tech-heavy counterparts in Asia and the United States because of the region's limited?exposure to technology stocks. Marija Veitmane is the head of equity analysis at State Street. When asked if a geopolitical solution?could spark a major rally Marija said no, pointing to structural demand destruction as well as looming rates hikes which could impact corporate profitability. The data confirmed the hawkish view, with inflation in four of the largest eurozone economies above the European Central Bank’s 2% target rate for the third consecutive month. Investors are pricing in 50 basis points tightening before year's end, according to LSEG. Crude oil prices, which are a vital resource in Europe's energy crisis, have fallen and could be on course for their first drop in two months. Airline stocks, such as Lufthansa, Air France, and consumer discretionary stocks, like luxury, are sensitive to energy price changes. Both have added more than 2%. Defence stocks are among the top sectors with a 0.7% increase. NATO has accused Moscow of reckless behavior and promised to "defend each inch of allied territory" following Romania's report that a Russian drone crashed into an apartment building in the member state of NATO during an attack against Ukraine. During geopolitical conflict, the sector usually gains on increased military spending. CTS Eventim rose 10.7% after the German ticket company said that its revenue grew by 23% during the first quarter of 2026. This was due to strong demand for live performances. Orkla shares fell 5.3% as UBS downgraded it from "neutral" to "sell", citing the increasing pressure from inflation and the Middle East Conflict. (Reporting and editing by Johann M Cherian, Bengaluru. Sherry Jacob Phillips, Joyjeet Das, Joe Bavier.
-
Britain will step up its subsea cables protection in response to the rising Russian threat
Britain has proposed tougher punishments for shipowners or operators who damage'subsea cables,' including prison sentences. The aim is to deter Russia and hostile?states sabotaging the nation's infrastructure. Subsea cable carries over 99% of international data traffic. This includes calls, messages, and other internet services, as well as more than PS1.4 trillion worth of British financial transactions every day. Last month, Britain claimed to have exposed a Russian covert submarine operation around UK waters. This was a bluff? to hide other specialist vessels operating near critical underwater infrastructure. Liz Lloyd, the Telecoms Minister said that Britain had strong military capabilities for protecting cables. However, overhauling 140 year-old legislation will remove a "grey zone" of legal uncertainty around suspected malicious activities to increase deterrence. She said that "as hostile activity from Russia and other countries grows, protecting these cable is more important than ever" for our economy, daily life, and security. "That's why we intend to go further, with tougher sanctions for reckless damage and stronger security obligations as well as new powers to react quickly when incidents occur." Russia previously denied British allegations that it had threatened or targeted subsea cable. Lloyd said sabotage committed by an enemy state already carries a life sentence for the perpetrators, but that new laws will cover the use of proxy actors by state actors as well as reckless damage. She said that the government would also "work with cable operators and owner to reduce accidental damages arising from fishing activities or vessels dragging their anchors which, she said, "accounted for almost all cable outages". Lloyd stated that the company was consulting with industry about establishing a British repair ship in order to increase resilience. He added that a final decision would be made 'later this year. She added that the government would also examine?environmental regulations to accelerate the laying down of new cables in deep water where the impact on marine wildlife was very limited. (Reporting and editing by Kirsten Doovan; Paul Sandle is the reporter)
-
Putin says that it is too early to determine if the drone that strayed in Romania was Russian
Vladimir Putin, the Russian president, said that it was still too early to say if a drone crashed into a Romanian apartment block. He suggested that the drone could have been Ukrainian. NATO condemned Moscow for its reckless behavior and promised to "defend each inch of Allied Territory" after Romania reported that a Russian drone crashed into an apartment 'block' in the member state of the alliance during an attack against Ukraine. "Who in Romania claims that this drone is Russian?" Putin asked reporters at a press conference in Astana (Kazakhstan) He claimed that he only heard about the incident after a day of talks. He said that until an investigation is carried out, no one could say what the origin was of a drone. Putin claimed that drones from Ukraine had been seen in Finland, Poland, and the Baltic states. Putin said: "The first reaction was the same as what is happening in Romania now, namely that Russians were coming." After a few days, it became clear that the incident had nothing to do with Russian drones. Putin also responded to remarks made by European Commission President, Ursula von der Leyen. Von der Leyen accused Russia of having crossed 'another line' with this incident and said that she hadn't examined the drone debris herself. Putin asked Romania to'share information about what happened? and possibly drone fragments, so that Moscow can conduct its own investigation. Reporting by Vladimir Soldatkin, Anton Kolodyazhnyy; Writing by Guy Faulconbridge/Maxim Rodionov. Editing by Andrew Osborn.
-
South Bow aims for a decision in 2027 on Canada-US oil pipe revival
The company announced on Friday that it had secured the shipper agreements it needed to move the project forward. The proposed 550,000-barrel-per-day Alberta-to-Wyoming pipeline, dubbed Prairie Connector, could increase Canada's crude exports to the U.S. by 12%, ?adding much-needed Canadian pipeline capacity. South Bow, in collaboration with its U.S.-based partner Bridger Pipeline, has said that it had'secured 20 year binding contracts' from oil companies, through a process started this year to gauge interest. This?month, sources said that South Bow is close to achieving its goal of 450,000 bpd or 80% initial pipeline capacity. PIPELINE - PARTLY ASSEMBLED in Canada South Bow was spun off by TC Energy, the former Keystone XL promoter, in 2024 to takeover its oil pipeline business. The new pipeline will not use the same route in the United States as an earlier project, which was canceled by former President Joe Biden in 2021. However, some of the Keystone XL pipe that has already been assembled on the Canadian border would be used. The new proposal has been granted a cross-border permit by U.S. president Donald Trump. South Bow CEO Bevin Wizba said on Thursday that the company could not proceed until it had evidence of a "durable" permit, and that it would not be revoked in the future by another administration. TPH Energy analyst AJ O'Donnell said that while the open season was successful in securing?shipper's commitments, there are still lingering risks with the U.S. Permit. O'Donnell stated that "without assurances" that the new U.S. government would not revoke permits in 2029 as Biden did for KXL, it is likely the project will be stalled. South Bow hasn't publicly disclosed the price of its project. However, ATB Capital Markets analysts estimated that it would cost $2.2 billion ($3 billion C$) and could take between two and three years to complete after an investment decision. Canada is the fourth largest oil producer in the world, producing 5.5 million barrels per day. Forecasts indicate that this could rise to 6.1 millions bpd in 2030. Reporting by Amanda Stephenson, Calgary; Arathy Smasekhar, Houston Editing Rod Nickel
Some Canadians in Canada's northernmost regions worry that Carney's military plans overlook everyday needs
There are only two grocery stores in a Canadian hamlet at the northernmost tip of the Arctic Ocean. The sports arena is the only place to go for entertainment. And there's no doctor. A trip south usually requires a 2-hour flight. Dentists visit the 2,000-person community 'twice per year' and trucks bring in water. Giving birth can often involve flying to another city, several hours away. This is done weeks before the due date. Natasha Neglak Lear (49), a Cambridge Bay resident, was not impressed when she heard that Prime Minister Mark Carney planned to spend more than C$2 billion?to designate Cambridge Bay as one of the two new northern military centers. She said there were'more pressing issues' to be considered, such as a local place where women could give birth.
She said that before they did all of this, they should give to us what the people in the south have, referring specifically to the two-thirds or more of Canadians living within 100 kilometers of the U.S. Border. "Development and doctors, dentists and birthing centers are needed to help us grow."
Carney has committed more than C$35billion to increase military spending in Canada, and to "take control" over its Arctic territory. This move was partly motivated by Donald Trump's threats of annexing Greenland, and making Canada the 51st State, and Trump's demand that Canada and its allies raise their defence expenditure. Canada wants to be able to respond independently to threats in an increasingly dangerous and divided world, which Carney describes as "more dangerous" and "divided". To do this, it is upgrading airports and strengthening northern defenses. It also ensures that aircraft can be deployed anywhere in the Arctic. Climate change is making the icy region more accessible. Russia has more military bases in the Arctic than any other country. In recent years, China began to increase its presence, mainly in partnership with Russia, in this mineral-rich region.
TRAUMATIC MEMORIES
Canada is home to a quarter of the Arctic region of the globe, with most of its territory being significantly less developed than those of European nations. This region is larger than continental Europe and accounts for 40% the land mass of Canada, 75% its coastline but only has less than 150,000 residents.
Indigenous leaders, who make up the majority of Arctic residents, have complained for years about insufficient investments. Politicians also acknowledge that the sparsely-populated region lacks tax bases to finance major infrastructure projects.
Interviews with dozens of military, community and Indigenous leaders in Canada's Arctic?territory showed that some were encouraged by Carney's plan - which includes investing C$294 million to renovate Arctic airports and build new runways. In interviews with dozens military, Indigenous and community leaders in Canada's Arctic Territory, some expressed their support for Carney's plans. This includes investing C$294 millions in renovating Arctic Airports and building new airport runways. Some people were worried that the military would change their lives without improving education, health care and social services. Cambridge Bay Mayor Wayne Gregory stated that he was "ecstatic' about Carney’s Arctic strategy announcement made on March 12. He described the military?hub design as a possible turning point for the city. Some Inuit, which make up over 80% of Nunavut’s population of 42,000 people, still have painful memories from previous militarization attempts during the Cold War. In the 1950s-'60s, the government relocated people thousands of kilometers away and killed thousands of dogs to control disease and public safety. This deprived Inuits of their ability to travel and hunt. Indigenous leaders are concerned that Canada's response to Trump's threat could again violate their constitutional rights to manage their land, culture, and education. Natan Obed is the president of Inuit Tapiriit Kanatami which represents over 70,000 Inuit living in Canada's far north. "We're the best-prepared to deal with any threats that come our way. What we have been asking for are the necessary funds so we can?have thriving community."
Carney's Government disputed the idea that increased defence spending could result in fewer funds being allocated to other local initiatives. Eric Head, the Indigenous Services Ministry's spokesman, pointed to resources dedicated for youth programs, community safety and mental health for Indigenous communities, as well as plans recently announced to spend C$1.4billion on health and social initiatives.
CARIBOU MIGRATION Census figures show that Indigenous people living in the Arctic have a higher rate of unemployment and are more likely to struggle to find housing and food than other Canadians. This has serious consequences. The rate of tuberculosis in Indigenous people living in the Arctic is more than 600 times greater than that of non-Indigenous Canadians, and their life expectancy falls by about 10 years.
Carney's plan only allocates a small fraction of the funds to be spent in the next 12 year for civil projects. For example, a C$1billion Arctic Infrastructure Fund will be used to build roads, ports, and bridges.
Carney, according to some Indigenous leaders, failed to consult them before releasing the plan for developing the Arctic. George Mackenzie is the Dene National Chief of the Northwest Territories. He said that the Prime Minister should meet with regional chiefs from Canada's Indigenous People, as he does with the premiers in each province and territory. Carney has promised to work with Indigenous Leaders and that the government will invest C$10 Billion into energy projects. This investment is expected to create more than 10,000 jobs during construction in the Arctic. Ottawa has backed the Grays Bay Road and Port Project, which is aimed at connecting a mineral-rich area in the Arctic with?global shipping lanes. Some locals fear that it could harm the migration of the 'local caribou herds', the main food source in the region.
Lear, a member of the Kitikmeot Inuit Association's board, expressed her surprise that Carney was promoting the project before the environmental impact had been evaluated. She said that the caribou population is already declining and construction could push them out of the area. Inuit rely on caribous for food, hide and fur. Haugaaq, 62, was teaching local youths how to make traditional fur and gloves at a workshop. She said it was the first in her lifetime that she saw so many politicians involved in the Arctic.
She said, "We need more protection with what is going on in the rest of the world." I hope that the leaders who are in charge of us think about our needs first." (Reporting and editing by Caroline Stauffer, Deepa Babington and Maria Cheng)
(source: Reuters)